Cognizant has reported notable growth in order bookings and raised the guidance for calendar year 2021
Order intake in the first quarter of FY17 was at USD 101 million, while total orders of USD 307 million are to be executed over the next 12 months, said NIIT Technologies COO Sudhir Chaturvedi.
Larsen and Toubro (L&T) disappointed street with the third quarter profit falling 14.6 percent year-on-year to Rs 1,060 crore on standalone basis, dented by lower operating income, higher depreciation and interest costs.
The order carry forward at this point of time is approximately Rs 5,300 crore against Rs 4,900 crore, which is around 20 percent more than the previous year.
Sanjeev Zarbade of Kotak Securities spoke to CNBC-TV18 about his expectations of the L&T numbers and pointers to watch out for.